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Property profile & analytics
OFF-MARKET
Estimated value
$350,850,000
Casinos
111 Country Clb Dr Incline Village, NV 89451-9305
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0457432
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
289,293 SF
Lot
16 ac (696,960 SF)
Zoning code
TA_IVT
APN
127-010-09
UPID
US62-0457432
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Blue Bike Rentals and Tours Cycling Facility (Bike/Boat/Book/etc) Store
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Cutthroat's Saloon Restaurant
-
Osteria Sierra at the Hyatt Regency Lake Tahoe Restaurant
-
Pool Swimming Pool Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$350.85M
Owner & transaction history
Incline Hotel LLC · 4 yrs held
Incline Hotel LLC
since 2021
Last sale
$345.0M
6 recorded transactions
Zoning & alternative use
TA_IVT · Incline Village, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Incline Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Incline Village submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$362,555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$350.85M
Range $315.77M – $385.94M · ±10% · vs last sale $345.00M (Sep 8 2021)
Last sale anchor
$345.00M
Sep 8 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,213 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$717,675
Tax year 2023
Assessed value
$20,764,520
Assessed 2023
Previous assessed
$19,095,146
+8.7% YoY
Effective rate
3.46%
On assessed value
Assessed land
$2,073,456
Assessed improvement
$18,691,064
Land market value
$5,924,160
Improvement market value
$53,403,039
Total market value
$59,327,199
Applied tax rate
5,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Casinos
Use group
CASINO
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
10
Units
1
Total area
289,293 SF
Lot
16 ac (696,960 SF)
Zoning code
TA_IVT
APN
127-010-09
UPID
US62-0457432
Jurisdiction
WASHOE
Zoning & alternative use
TA_IVT · Incline Village, NVZoning TA_IVT · permitted uses
TA_IVT · Incline Village, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
10
Units
1
Lot
16 ac
Current owner
From public records · entity-resolved
Incline Hotel LLC
Entity
Free & Clear · 4 yrs held
Mailing address
101 YGNACIO VLY RD STE #320, WALNUT CREEK, CA 94596-7026
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Incline Hotel LLC
Hr Lake Tahoe Owner LLC
Quit Claim Deed
related
—
Sep 3, 2021
$345,000,000
Incline Hotel LLC
Hr Lake Tahoe Owner LLC
Bargain And Sale Deed
—
Jul 1, 2020
—
Hr Lake Tahoe Owner LLC
Hyatt Equities LLC
Correction Deed
related
—
Apr 13, 2020
—
Hr Lake Tahoe Owner LLC
Hyatt Equities LLC
Grant Deed
—
Feb 28, 1997
$9,661,000
Hyatt Equities
Hcc Corp
Grant Deed
related
—
Sep 30, 1988
$46,914,956
Hcc Corporation
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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